Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $440,400 $339,200 Marketable securities 510,000 381,600 Accounts and notes receivable (net) 208,600 127,200 Inventories 603,900 388,000 Prepaid expenses 311,100 248,000 $2,074,000 $1,484,000 $353,800 $371,000 256,200 159,000 $610,000 $530,000 Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick rabe. Round ratios to one decimal place. Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has result of an from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the